AUD Trading Outlook Archive

More choppy range trading can be expected as we await the debt-deal details out of Washington. If volatility picks up, we could see a wide range between .9450/.9550 but more likely we see a tight 40 pip range with moves dependent on flows in the… Read more

At this stage I think it is much riskier to be long USD than it is to be short. Certainly we will see a spike up in the USD if/when a deal is announced but any USD rallies are medium-term selling opportunities in my view…. Read more

I’m still in the range trading camp. I remain bearish on the USD but the AUD may struggle on the crosses whilst risk aversion is heightened. Play the .9380/.9480 range but I’m sticking with my bullish bias.

INTRADAY CONCLUSION: Stick with the range-trading bias in AUD/USD for now but still err on the bull side of the market. A range between .9430/.9510 should cover it during Asian trade.

INTRADAY CONCLUSION: It’s hard to trade a pair which isn’t moving. The AUD has made some strong gains against the GBP in particular and personally I feel that it will make up some ground against the other majors as well. Buy big dips in AUD/USD.

INTRADAY CONCLUSION: More range trading to come and we need to look to the Yen crosses for volatility. Much will again depend on what happens in USD/JPY. I’m still firmly in the sell-USD-rally across the board.

INTRADAY CONCLUSION: Not much will happen today with Australian markets closed and China still on holiday. The AUD crosses are looking more bullish and I think the buy-dip play in AUD/USD will be more profitable in coming sessions.

INTRADAY CONCLUSION: The AUD is starting to look bullish to me with interesting price action seen in AUD/USD, AUD/NZD and GBP/AUD. I prefer to buy any 50 pip intraday dips in AUD/USD looking for a test of levels closer to .9500 again.

INTRADAY CONCLUSION: Stay in range-trading mode in the AUD/USD; look for technical support at .9280 to attract buyers whilst risk-aversion will ensure that the AUD stays heavy on the crosses in the short-term, so rallies to .9350 will attract sellers.

INTRADAY CONCLUSION: Stay in range-trading mode in the AUD/USD; corporate flows are expected to be net AUD/USD sellers but real-money funds have solid bids on dips. I’d suggest a .9335/.9395 type range, 30 pips either side of opening levels.